Do you want to become an entrepreneur, but you are scared of failure? In this Expert Insight Interview, Michael Lane discusses entrepreneurship and leadership. Michael Lane is a Managing Director at Success Resources, focused on empowering entrepreneurs around the world by giving them a world-class education.
The interview discusses:
- Lack of leadership skills for many entrepreneurs
- Things to consider as an entrepreneur
- How to keep up with fresh ideas to stay sustainable
Get a Mentor
Many professions have an apprenticeship program helping you to start right with your career, but entrepreneurship lacks it. People usually start their business as solopreneurs, and then they get lost somewhere in the process. Thus, it is crucial to find a mentor who can direct your way to success. The mentor helps you to identify what matters the most to you, teaches you about leading yourself first to be able to lead others in the future, equips you with other business knowledge, and then lets you go in the world to scale your business. The entrepreneurial journey is a process of many steps that teach you how to handle the highs and lows of being your own boss.
Success does not come easily. It requires a lot of thinking and finding out what is the difference that you desire to make. Many people haven’t found their true passion even if they think they have, and that is what stands on their way to success. Finding a true passion gives you a reason to get up early from bed and to stay up late in the night if you have to. Also, it gives you the strength to push forward when things get tough. People who found their true passion harder quit on it. The other important thing is that when you think of the difference you want to make, think of humanity and not of yourself. People like to stay in their comfort zone, and that is why you need a mentor who can help you to expand your mind and think globally.
Focus on New Ideas
Entrepreneurs mitigate the risk by calculating it and then making a bold decision to go for it. And then, the growth comes by continuing to step up. We live in a world in which keeping sustainability means continually evolving new ideas. That is why at one point, you have to stop being the revenue producer and create the team that will do that part of the business for you so that you can focus solely on the new ideas to help humanity. By manifesting new ideas to your team the soonest you get them, you stimulate the coming of newer ideas.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.